The lines can get muddied from time to time, regarding personal and business expenses. What you or someone at your company may consider to be a business expense, may not meet the standards or requirements of the IRS. Regarding personal versus business expenses; the IRS states that you cannot deduct personal, living or family expenses. […]
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Since the major economic crisis of 2008 and 2009, many countries have turned their efforts toward gambling as a way of bolstering their economies. According to The American Gaming Association, the gambling industry here in the United States is worth over 261 billion dollars! The gambling industry; casinos, state and multi-state lotteries, sportsbooks, racebooks, licensed online casinos,
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What is the purpose of withholding tax and how much do you need to withhold in order to make sure you don’t get surprised at tax time? In the most basic of terms, a withholding tax is an amount that an employer withholds from employees’ wages and pays directly to the government. The amount withheld
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